Bankwest Future of Business: Leadership Report
06 May 2015
The Future of Business Series: Leadership Report, has identified that productivity leadership, which seeks to drive profit through increasing process and structural efficiencies; is the underlying leadership strategy that mid-sized businesses are most likely to adopt to guide their overall direction over the next five years.
Work-life balance is called out as a potential risk for mid-size businesses with close to half of leaders lacking a good work-life balance. Despite being the most likely to claim to have a good work-life balance, leaders in professional services businesses are the most likely to be at risk of burnout.
Digital technology ‘disrupting’ mid-sized businesses with close to one in five mid-sized businesses experiencing changes in business structure and the way roles and responsibilities are allocated within the past 12 months due to trends in digital technology.
A further one in five anticipate these changes to occur within the next 12 months or within the next five years. These changes most commonly involve greater automation, increasing specialisation of roles and greater integration of business units.
We hope you find our report useful in gaining some insight into how Australian mid-sized businesses on some key leadership challenges.
- This report has been prepared by CoreData on behalf of Bankwest
- The research was conducted between March 5th and March 19th, 2015 via an online quantitative survey of approximately 50-60 questions, developed and hosted by CoreData
- CoreData’s proprietary panel of more than 132,000 Australian consumers was used to canvass the views of a specific target market – business leaders in the mid-market
- The sample is comprised of 514 respondents, including those in C-suite and senior management positions within mid-sized businesses
- Annual turnover of between $5 million and $250 million
- From the following industries: Education and training, retail trade, professional services, light manufacturing, wholesale trade, financial and insurance services, property & business services, franchising, pharmaceuticals, transport, health care and social assistance (NSW, VIC, QLD and SA only), not-for-profit (WA only) and agriculture and forestry (WA only)